It was a good week in business, Google had what I believe was a terrific quarter with huge profits and its stock is closing in again on $400 per share.
Rosetta Stone, a local DC based company filed for an IPO and its share price soared at the end of the week to $28 plus from this week’s opening of $12. Congratulations to them! Way to go.
And Citibank had a profitable quarter. Big banks are slowly and surely reaping the benefits of all of that pruning and those big write-offs and the government’s intervention and cash to prop them up.
These are three tangible signs that a turnaround has really started. Don’t miss the signs.
